Form 4: Aehr Test Systems CTO Donald P. Richmond II Reports Stock Transactions
SEC Form 4 Filing
Donald P. Richmond II, CTO of Aehr Test Systems, reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On July 13, 2024, Donald P. Richmond II, CTO of Aehr Test Systems, had 240 shares of common stock withheld to cover tax obligations at a price of $16.43.
- On July 14, 2024, an additional 659 shares were withheld for the same reason at the same price.
- Following these transactions, Richmond directly owns 186,430 shares of Aehr Test Systems, which includes unvested restricted stock units.
- The transactions were reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Power of Attorney executed by Donald P. Richmond II. |
| July 13, 2024 | 240 shares of common stock withheld for tax obligations. |
| July 14, 2024 | 659 shares of common stock withheld for tax obligations. |
| July 16, 2024 | Date of signature for the report. |
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